Jan 13 (Reuters) - Barrick Gold ( GOLD ) on Monday
recommended that its shareholders reject an unsolicited offer by
TRC Capital Investment to buy about 0.29% of the miner's common
stock.
The gold miner said it had received notice of an unsolicited
mini-tender offer made by TRC Capital to purchase up to 5
million of Barrick's common shares, adding that it was at a
below-market price of C$21.35 apiece.
TRC Capital has made several similar unsolicited mini-tender
offers for shares of other public companies including Occidental
Petroleum ( OXY ) and Johnson & Johnson ( JNJ ).
A mini tender is an offer to purchase no more than 5% of a
company's shares.